7330 Ridge Ave, Philadelphia, PA 19128

Property Description

Attention developers: presenting a rare opportunity to acquire an entitled 1.35-acre (+/- 60k SF) development site located at 7330 Ridge Avenue in the Roxborough section of Northwest Philadelphia. The property is delivered with approved zoning for the construction of 12 single-family detached homes with 24 total parking spaces. Acquisition price is less than $167k per approved lot, with comparable new construction home outsales north of $1M each. The existing structure has been demolished and the site has been backfilled. Designed by HDO Architecture, a respected Philadelphia-based firm, the homes feature expansive 30-foot-wide floor plans with 4 bedrooms, 3 stories above grade, partial basements, and generous private backyards. Each home includes two-car parking (1 interior + 1 driveway), with an optional loft level available; gross building area (GBA): 4,060 SF per home; building footprint: 1,507 SF per home. Preliminary floor plans are available, and purchasers have the option to engage HDO Architecture for the preparation of full architectural plans. This is a rare development opportunity in a strong residential market, ideal for builders seeking an efficient path to market with a desirable new construction product. Drive by today. Full offering memorandum available upon request.